Magadanenergo announced earnings results for the first half of 2017. RAS net loss of the company for first half of 2017 decreased by 43.9% to RUB 580.468 million from RUB 1.035 billion for the same period in 2016. Revenue increased by 24.44% to RUB 4.804 billion from RUB 3.86 billion, sales loss decreased 2.31 times to RUB 541.112 million from RUB 1.251 billion, loss before tax by 45.87% to RUB 664.562 million from RUB 1.228 billion.